The pullback suggests investors are becoming more selective as earnings season unfolds and valuations remain stretched. Bank earnings weigh on sentiment The tech-heavy Nasdaq Composite underperformed, falling 0.96%, as losses broadened across sectors. Wednesday's declines came after US stocks had recently touched record levels, buoyed by optimism around easing inflation, expectations for rate cuts later this year, and enthusiasm surrounding artificial intelligence. US stocks moved lower on Wednesday for a s ...